I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Thursday, November 5, 2009

More Wave 2 Thoughts

The action today has been conspicuously wedge-shaped on all 5 major indices. Here is how I think this could play out.

However, as Gumbo and I were discussing earlier, this is a correction and shaping up to be a complex one at that. Keep in mind we might get a possible sideways extension.
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